How much does Shively Bros., Inc. contribute to its ESOP?

In 2024, employer contributions to the Shively Bros., Inc. plan averaged $8,242 per active participant, above the $2,416 median for plans of similar size. Public filings report contribution dollars, not the match formula; the formula is in the plan's summary plan description.

What is the average account balance in the Shively Bros., Inc. 401(k)?

The average participant account balance was $99,317 for plan year 2024, based on 336 accounts.

Shively Bros., Inc.ESOP

Name: Shively Bros., Inc. 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

SHIVELY BROS. , INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST · FLINT, MI · plan year 2024

Employer contribution per participant · 2024

$8,242

Shively Bros., Inc.'s 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $33,370,472 across 336 participant accounts, with employer contributions averaging $8,242 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 723rd-largest of 2,619 plans among Michigan employers on file, and the 1,236th of 4,246 in wholesale trade. active participation has grown from 194 to 218 since 2022.

Plan summary
Net assets, end of year$33,370,472
Participants with balances336
Active participants218
Employer contributions$1,796,783
Employee contributions—
Employer contribution per active participant$8,242
Average account balance$99,317
Benefits paid to participants$3,597,057
Plan auditUnmodified (clean) audit opinion
AuditorLEWIS & KNOPF PC

Plan history3

Yearassets · accounts · employer contribution

2024$33.4M · 336 accts · $1.8M emplr

2023$26.4M · 304 accts · $1.7M emplr

2022$25.7M · 291 accts · $1.9M emplr

Employer contributions to the Shively Bros., Inc. plan · 2024

Employer contribution per active participant$8,242

Median for plans this size$2,416

2024$8,242 per active participant

2023$8,558 per active participant

2022$9,816 per active participant

Shively Bros., Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

Recordkeeper by year2

2024Alerus

2023Alerus

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3

2024Not separately reported

2023$70 · 0.00%

2022Not separately reported

All plans at this employer2

SHIVELY BROS. , INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUSTESOP

SHIVELY BROS., INC. PROFIT SHARING PLAN401(k)

Same employer

Shively Bros., Inc.'s health & benefits plan: carriers, premiums & broker pay

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Source: U.S. Department of Labor, Form 5500 series, EIN 381334301 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.